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UAE: South Koreans Hope To Expand Presence Through Adco
...oduction of 1.8mn b/d by 2017, when total capacity in the Opec member state is expected to rise to 3.5mn b/d though that deadline appears to have slipped slightly. There was a tacit understanding when Adnoc invited bids for the new concession that 5% stakes would be reserved for Asian companies from Japan, So...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
BP: Khazzan Unaffected By Oil Price Slump
...0 wells in total. BP says gas in place totals a massive 100 tcf. “2017 is when we plan to have first gas from the field, and that will ramp up to 1bn cfd,” Mr Townshend told reporters on the sidelines of the Middle East Petroleum and Gas Conference (MPGC) on 20 April. And while Mr Townshend ch...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Aramco Awards Final Big Jazan Contract; Yasref Ramp-Up Boosts Light Products
...mpletion in 2017. In the 15 April issue of ‘Arabian Sun,’ Aramco’s in-house magazine, Aramco says it has awarded detailed design for the refinery, while “the procurement of materials is ongoing, and lay-down yards are already filling up with pipes and steel that is ready for assembly.” Jazan re...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Aramco Secures Jazan Feedstock; More Saudi Projects Planned
...16 Rawec Exp (Rawec) 0.16 5 2016 Shuqaiq (SEC) 2.64 80 2017 PP13 (SE...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Gamesa On For Egypt Wind Farm
...EGYPT Gamesa On For Egypt Wind Farm Egypt’s New and Renewable Energy Authority (NREA) has awarded a €220mn turnkey contract to Spain’s Gamesa for the 220MW Gulf of El Zayt wind farm on the western Red Sea coast. Gamesa says that the plant is expected to start up in 2H 2017. Gamesa wi...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Firms Face Up To Mounting Libya Write-Offs
...pairment – rated the chances of a full resumption of operations on 1 January 2016 and 1 April 2017 at 50% each. TOTAL’S LIBYA OUTPUT (‘000 B/D, NET) 2010 2011 2012 2013 20...
Volume: 58Issue: 17Published at Fri, 24 Apr 2015 -
Qatar Gears Up For Growing US Condensate Exports, And Middle East Competition
...ll capacity by 2017, with Qatar’s condensate output to settle below 800,000 b/d until further gas developments take place. The consultancy expects export volumes to rise to 600,000 b/d through 2017 thanks to Barzan, while the second splitter at Ras Laffan begins to test-run. However, exports would fa...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Egypt’s Midor Refinery Signs Up UOP For $1.4bn, 60,000 b/d Expansion
...7,000 t/y (8,200 b/d). Midor says the expansion and revamp are to be completed by the end of 2017 and will increase white products output to 87% of the plant’s total production. At the signing ceremony, Midor chief executive Muhammad ‘Abd al-‘Aziz said the revamped plant would also increase sulfur re...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Oman’s Forecasts 85% Power Demand Rise To 2021; Gas Shortage A Worry
...mbined capacity of 2.85-3.15GW (see p3). OPWP says early power from Ibri is targeted for 2018, while full power at both sites is anticipated in 2019. Also in MIS, OPWP expects to extend the power purchase contracts for 271MW Al Kamil and 427MW Barka 1 from 2017 and 2018 respectively to 2020, while re...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Turkish Parliament Okays Second Nuclear Project
...proval. The Japanese/French consortium hopes to begin construction at Sinop in 2017. Turkey has also opened talks with US nuclear contractor Westinghouse and Chinese state firm SNPTC for another four-reactor nuclear project at an undisclosed location. This would have four 1.11GW units. Nuclear ca...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
US OUTPUT RISE TO CONTINUE TO 2020-EIA
...aph 1). BUT OIL IMPORTS TO REMAIN However, the situation is markedly different for different fuels. While the US will become a net exporter of gas from 2017 (with the ramp up of LNG exports and pipeline exports to Mexico), for oil, net imports will bottom out around 2020 at 5.5mn b/d according to the EI...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
IMF Warns Qatar Of Budget Deficit
...e hydrocarbon sector growth will recover slightly rising from 0.8% in 2015 to 1.8% in 2016 and 1.9% in 2017. For its part, the IMF expects growth in 2015 to rise to 7% with the start-up of output from the $10.3bn, 1.4bn cfd Barzan wet gas development in the second half of 2015 and the au...
Volume: 58Issue: 16Published at Fri, 17 Apr 2015 -
Sudan’s Oil Plans Set To Fall Victim To Reality
...rthcoming. 300,000 B/D BY 2017? NO CHANCE Starved of investment and technology for more than a decade, the Sudanese oil sector has been crying out for greater foreign involvement for years now. But with sanctions set to remain in place for some years yet – given the current Sudanese ad...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Gulf Refining Activity Slowing After Completion Of Three Mega-Projects
...mpleted it has yet to invite EPC bids. Iran and Qatar are both developing condensate splitter plants. Iran said it would bring the first of three 120,000 b/d splitters comprising the Persian Gulf Star plant at Bandar Abbas onstream in 2015: the IEA says 2017 is more likely. Qatargas is pressing on wi...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Egypt Signs Contract With Axens For Assiut Gasoline Unit
...5 Planned: Midor Expansion Alexandria 60 2017 Alexandria Exp. Alexandria 10...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
New Projects And Policies Cementing Solar Role In UAE Power Generation
...MW first phase already in operation since 2013 and a 200MW second phase, which is being built by Saudi Arabia’s ACWA Power and Spain’s TSK for start-up in 2017 (MEES, 30 January). While DEWA’s appetite for solar is expanding, Abu Dhabi’s seems to have waned. Abu Dhabi Water and Electricity Au...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Oman Expanding Desalination, Prepares Power Shake-Up
...-year water purchase agreement with Qurayyat Desalination Company. The project firm is owned 85% by Hyflux and 15% by local firm Modern Channels Services. The agreement is for the supply of up to 200,000 cmd of drinking water over the period 2017-37. Qurayyat lies east of Muscat on the Gulf of Om...
Volume: 58Issue: 15Published at Fri, 10 Apr 2015 -
Chevron Looks To Farm Down KRG, Morocco Interests
...completed 2D seismic work in 2014 and plans to started 3D seismic work in 2015. Chevron is targeting a 500,000 b/d-plus rise in production to 3.1mn barrels per day of oil equivalent (boe/d) by 2017 – an ambitious target given that output has been trending downwards in recent years (see gr...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Tupras Sees $2.7Bn Izmit Upgrader Boosting Refining Margins
...2 Planned Socar Aliaga [STAR] 200 2017 Calik Ceyhan [Adana] 30...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Can Algeria Live Up To Its Renewable Potential?
...pacity for start-up in 2017 suggest that gas availability is a key concern (MEES, 27 March). Notwithstanding the increased role of renewables, Algeria will still need to find more gas to run additional capacity. Gas fuels 77% of current electricity generation capacity. If Algeria could reduce the gas co...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015